Why people mostly fail in trading - page 8.

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Quote from: Lantind on January 24, 2024, 08:23:05 PM

Quote from: Maslate on January 24, 2024, 04:52:33 PM

Sometimes, being knowledgeable is not enough. I see some traders are losing not actually because they don’t know what they’re doing, yes they are knowledgeable but they lack the motivation and the patience to endure their initial losses in trading. The fact that trading has certainly its own inevitable losses, then traders should already be aware on that, but majority of the traders end up being upset every time they lose that some traders decide to quit from trading without even experiencing the fruit of their trading hardworks.

For those who have just started trading, of course they will experience losses from the trades they make and if they cannot be patient in the initial trading process they make, of course they will find it very difficult to get results from the trades they make, because they do not have the desire to learn from failure. the initial trading they did and they stopped with the failure they got.

Of course there will be losses that we will incur and they must be able to correct these losses by taking profits from other trades they make and they must continue to learn even though they have made profits from the trades they make.

those who continue to experience consecutive losses in their trading. it could be that they don't take lessons from previous losses. or indeed they don't have a good understanding of trading.
Those who continually fail at trading are not just beginners. those who have been trading for a long time also sometimes make such mistakes. Honestly, that doesn't stop beginners from wanting to continue trading. but the situation will increase the losses that will be received.

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Most people jump into things that they do not understand, that's why. A friend of mine just lost 5 thousand dollars at margin trading, which makes no sense to me because he wasn't a person who traded margin before that, so why would you want to start something you are so newbie about and put up that much money?

The possibility of making 5k+ was also there, so he got greedy. So, people get greedy and do things that they should not do, which ends up resulting with them not making money and losing it all. There are few simple steps to not fail, one is do not do anything you are not well versed in, make sure that you know what you are doing, and secondly it would make sense if you do not risk more than you should know your limits as well.

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Quote from: Maslate on January 24, 2024, 04:52:33 PM

Sometimes, being knowledgeable is not enough. I see some traders are losing not actually because they don’t know what they’re doing, yes they are knowledgeable but they lack the motivation and the patience to endure their initial losses in trading. The fact that trading has certainly its own inevitable losses, then traders should already be aware on that, but majority of the traders end up being upset every time they lose that some traders decide to quit from trading without even experiencing the fruit of their trading hardworks.

For those who have just started trading, of course they will experience losses from the trades they make and if they cannot be patient in the initial trading process they make, of course they will find it very difficult to get results from the trades they make, because they do not have the desire to learn from failure. the initial trading they did and they stopped with the failure they got.

Of course there will be losses that we will incur and they must be able to correct these losses by taking profits from other trades they make and they must continue to learn even though they have made profits from the trades they make.

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Quote from: sujonali1819 on January 24, 2024, 02:01:19 PM

A lot of traders end up losing money because they don't handle when to exit a trade properly, even if they made some profits initially.And Personally, I faced this many times in the past.

Another common reason for continuous trading failures is panic. When traders let their emotions take over and make impulsive decisions out of panic, it often leads to continuous losses.

Traders should have the full control over their emotions. Since we all know that the best enemy in trading is our personal emotions, then we should always see to it that we don’t jump into trading if we are in the state of uncertainty or panicking at some point. Otherwise, you will not make it in trading, but will only waste your money and effort and still end up trading at a loss.

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Quote from: sulendra12 on January 24, 2024, 05:23:07 PM

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

* Having no experience traders that is good in the craft to guide them.

Some people don't really need this, in my case I'm more into self-learner and I can learn it in my own pace with my own strategy, that's different per user so I don't think this one counts.

Same thoughts, because most successful traders started from nothing, we all started from scratch. Some people including me did self learning, I didn't pay any mentor or any lessons about trading because most of the materials to learn were already free over the internet.
We must continue to learn because even profit able traders now are still learning for sure.

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Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

Sure they have watched million of youtube videos but that just does the purpose of giving you an example to do specific task but once you're jumped into real trading than the situation could be different than the one you have watched it before, so the better knowledge you need is experience by doing more trading even if you do more trading, you still vulnerable of losses because of so many possibilities that trading offers.

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

* Having no experience traders that is good in the craft to guide them.

Some people don't really need this, in my case I'm more into self-learner and I can learn it in my own pace with my own strategy, that's different per user so I don't think this one counts.

Maslate

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Sometimes, being knowledgeable is not enough. I see some traders are losing not actually because they don’t know what they’re doing, yes they are knowledgeable but they lack the motivation and the patience to endure their initial losses in trading. The fact that trading has certainly its own inevitable losses, then traders should already be aware on that, but majority of the traders end up being upset every time they lose that some traders decide to quit from trading without even experiencing the fruit of their trading hardworks.

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Quote from: sujonali1819 on January 24, 2024, 02:01:19 PM

A lot of traders end up losing money because they don't handle when to exit a trade properly, even if they made some profits initially.And Personally, I faced this many times in the past.

Another common reason for continuous trading failures is panic. When traders let their emotions take over and make impulsive decisions out of panic, it often leads to continuous losses.

That's the main killer! Emotions create panic and without knowing how to control it properly, chances that you will keep on losing trades is is possible, I think if you want to make your stay successful you need to know how to address and how to work with your emotions, think ahead of time and make sure to place yourself in every situation, there are always situations that you need to handle and struggles that you need to overcome, failure without learning will be a repeated outcome.

But failing with good grasp of understanding, it will create good strategy that will allow you to make your stay profitable and benefitable. More on how you take every call and every positions that you take and how responsible you are when deciding with your trades.

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Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.
The skills I believe that are required to come out profitable in trading are;

* Knowledge: know the craft, know what you are doing, don't trade on assumption.

* Know how to control your emotions: it's very important that you know how to control your emotions like fear and greed in trading.

* Know how to manage your risk: knowledge and emotional control gives you money, but proper risk management skill protect your money and your gains

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

Controlling your emotions is something very difficult, sometimes even for veteran traders. Once a trade goes really really bad, the human reaction is to panic and act on that panic in order to secure their coins before they become valueless. And the news only loves spreading FUD, thereby magnifying the fear effect a hundredfold. Of course there is no such thing as a get rich quick scheme, but people seem to be just as agitated not to 'lose slowly'. They think that if they make a split second decision, that will somehow save them from losing even more money. But the truth is that the price goes up again. Sooner or later.

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Sometimes they feel they know it all, which are part of some of the things that is making some traders to fail and they also lack personal research to know when to trade and when not to trade in the market.

If those traders trade at this bear season, what do you think will happen to their profits, It will be difficult for you to stop all those traders not to fail in their trading because, everybody want to achieve the most biggest profit that will make them to regret because that is not the right time to make such profits from the market.

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A lot of traders end up losing money because they don't handle when to exit a trade properly, even if they made some profits initially.And Personally, I faced this many times in the past.

Another common reason for continuous trading failures is panic. When traders let their emotions take over and make impulsive decisions out of panic, it often leads to continuous losses.

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Quote from: Altryist on January 24, 2024, 09:27:05 AM

The main reason why people lose money in trading is that beginners start trading without proper knowledge, perhaps acting at random, or relying on someone else’s advice.

The main reason behind their defeat in trading is that they randomly join groups which provides them information and without knowing about the truth of group members they start believing them as a result of which they loss money. Newbies are lossing more money because they have less or no knowledge but pretend that they know all the thing but this confidence become highly risky for them.

Trading does not means that you will pick a coin and after your buying market will pump to give you profit, trading is not always straightforward sometimes you have to change your strategies to cope up with market condition. Always learn well and also learn from your faults which will make you expert one day but don't think that your knowledge is complete as completion of knowledge is not easy and you will learn new things on every step towards success.

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Quote from: Altryist on January 24, 2024, 09:27:05 AM

Quote from: irhact on January 24, 2024, 04:36:58 AM

Many individual don't learn trading well before they start to trade, this is why they don't know how to trade very well and keep losing. If you learn trading well, you won't be having problems with trading as you'll know what to do when the market isn't going in your favour. Many traders are losing their trade as they're trading emotionally, they fall in love with the coins that they're trading and it becomes difficult to sell when they're in profits or even in losses, they'll keep holding the coin.

An individual that wants to become successful at trading, need to not have emotions for the coins that he's buying. He need to be willing to follow his trading plans so he doesn't change mind easily. He need to know when to sell and when to buy also he need to know what his trading budget is so he doesn't over trade as many individuals are over trading so they get tired which make them to start losing.

The market does not forgive mistakes, if someone makes money from trading, then someone loses, and how good you are at trading will determine whether you can make money or lose. In order to make money from trading you need to be better than others, and for this you need to study. The main reason why people lose money in trading is that beginners start trading without proper knowledge, perhaps acting at random, or relying on someone else’s advice.

The market is not for anyone and it does not follow anyone's rules and no one has the power to control it alone so how can anyone get forgive his mistakes. Trading is a kind of business so everyone has to take the responsibility of profit and loss here. no one else will take responsibility for it This is why it is most important to learn how to do a good market analysis before starting trading. Otherwise it will not always be possible to profit from trading. By luck one may be able to make the right decision a few times resulting in profit from trading but without knowing the analysis profit will not always be possible.

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Quote from: bettercrypto on January 24, 2024, 09:33:13 AM

Quote from: Strongkored on January 24, 2024, 01:50:25 AM

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine

The initial information that someone who has just started trading will greatly influence how he evaluates trading, if he gets information that trading is a way to get rich quickly then that are their mindset when they enter trading and will change when they jump in directly and realizes that trading is not way to get rich quickly but actually the true are the opposite because they are not involved in trading with good skills and knowledge.
Trading is not just about buying cheap and selling high but there are many things that must be anticipated and that can only be done with skill after learning a lot about the market, especially cryptocurrency.

Usually, it's people like that who often fail in trading: the communities that easily believe what the YouTubers who make content about crypto trading say, even though what they say is deceiving. Just to get views on their channels, they do it.

So the poor thing is always the followers who are gullible and easy to believe. That's why, when it comes to the actual trade here in cryptocurrency, they come out floating because they think it's just that easy to trade and get profit here, as they heard and watched in the video on YouTube that has not even done any research on this matter.

One of the things that you should avoid on this space, influencers, so called gurus, so called professionals, experts and whatsoever in the field of trading. Yes, there are ones who are really that good but in general sense on which we are really just all speculators into this market. This is why it would really be that best that you should really be focusing into your own skills and be relying into your own analysis rather than on having fan of following people on which it doesnt really give out assurance for you to make profits. It is really just that there are people who are lazy and this is why they do really end up into this kind of option.

Failures and mistakes are really just that normal since we arent really that perfect.It is really just that there are people who are really that too confident and really having that huge
faith into their own skills and thisi s why they do really have that kind of assumptions that they could do it easily. On the time that they had step their foot into this space
then this is where things turns out to be shit.

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Quote from: Strongkored on January 24, 2024, 01:50:25 AM

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine

The initial information that someone who has just started trading will greatly influence how he evaluates trading, if he gets information that trading is a way to get rich quickly then that are their mindset when they enter trading and will change when they jump in directly and realizes that trading is not way to get rich quickly but actually the true are the opposite because they are not involved in trading with good skills and knowledge.
Trading is not just about buying cheap and selling high but there are many things that must be anticipated and that can only be done with skill after learning a lot about the market, especially cryptocurrency.

Usually, it's people like that who often fail in trading: the communities that easily believe what the YouTubers who make content about crypto trading say, even though what they say is deceiving. Just to get views on their channels, they do it.

So the poor thing is always the followers who are gullible and easy to believe. That's why, when it comes to the actual trade here in cryptocurrency, they come out floating because they think it's just that easy to trade and get profit here, as they heard and watched in the video on YouTube that has not even done any research on this matter.

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Quote from: irhact on January 24, 2024, 04:36:58 AM

Many individual don't learn trading well before they start to trade, this is why they don't know how to trade very well and keep losing. If you learn trading well, you won't be having problems with trading as you'll know what to do when the market isn't going in your favour. Many traders are losing their trade as they're trading emotionally, they fall in love with the coins that they're trading and it becomes difficult to sell when they're in profits or even in losses, they'll keep holding the coin.

An individual that wants to become successful at trading, need to not have emotions for the coins that he's buying. He need to be willing to follow his trading plans so he doesn't change mind easily. He need to know when to sell and when to buy also he need to know what his trading budget is so he doesn't over trade as many individuals are over trading so they get tired which make them to start losing.

The market does not forgive mistakes, if someone makes money from trading, then someone loses, and how good you are at trading will determine whether you can make money or lose. In order to make money from trading you need to be better than others, and for this you need to study. The main reason why people lose money in trading is that beginners start trading without proper knowledge, perhaps acting at random, or relying on someone else’s advice.

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Quote from: Baki202 on January 24, 2024, 03:43:01 AM

Quote from: DVlog on January 22, 2024, 06:44:36 PM

Because of greed in most cases. When someone sees they made a 30% return their greed tells them it will go 100% because another token recently made a similar rally. This is not impossible for a project to achieve but this sentiment should not be based on emotion but on fact and news. Also, there is a saying in the financial market and that is to buy the rumors and sell the news. So if there was a rumor about any major event and you are planning to buy it after the news has been released then you should not because the market already pushes the price because of the rumors and people will sell off after the release of the news. So you will only be their exit liquidity in that time.

Greed should be controlled by all means especially when trading because if you use 30% and you make a good return, the next time comes lower than that 30% because it might be that when you use 100% you might just lose everything and it will look like a miracle. emotions make you weaker and might even drive you to make some irrelevance decision that might cost your entire assets trading is a mind game and if you do not play well when everything will be at risk. sometimes news and rumors are traps so if you follow things like that then it is trouble it is better to observe every situation well before making any move, do not just make a move out of emotional certainty. and if anyone should know how these things work then you don't have a problem with trading.

Human beings are naturally greedy and we cant really be able to deny from that, it is really just that there are people who are really that good when it comes to self control and there are ones who are really that good
when it comes to discipline on which they arent really that busting up themselves if ever they would really be that engaging with gambling which we know that expenses or spending is really that on severe manner.
If you are a type of person whose really that impulsive when it comes to emotion then most likely you would really be having this kind of failure.

When it comes to trading then it would really be just that depending on how well you would really be handling yourself on trading because if you wont really be making
out some adjustments then you would really be that definitely be not be able to succeed on this one. This is why it would be just that depending
on how well you would really be that handling into yourself into this market.

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Quote from: bettercrypto on January 23, 2024, 08:54:08 AM

Maybe the main problem with something like that is that a trader lacks enough knowledge. And if a trader has enough knowledge, the problem for others is that they cannot control their emotions properly, which causes them to lose trading activity.

Many individual don't learn trading well before they start to trade, this is why they don't know how to trade very well and keep losing. If you learn trading well, you won't be having problems with trading as you'll know what to do when the market isn't going in your favour. Many traders are losing their trade as they're trading emotionally, they fall in love with the coins that they're trading and it becomes difficult to sell when they're in profits or even in losses, they'll keep holding the coin.

An individual that wants to become successful at trading, need to not have emotions for the coins that he's buying. He need to be willing to follow his trading plans so he doesn't change mind easily. He need to know when to sell and when to buy also he need to know what his trading budget is so he doesn't over trade as many individuals are over trading so they get tired which make them to start losing.

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Quote from: DVlog on January 22, 2024, 06:44:36 PM

Because of greed in most cases. When someone sees they made a 30% return their greed tells them it will go 100% because another token recently made a similar rally. This is not impossible for a project to achieve but this sentiment should not be based on emotion but on fact and news. Also, there is a saying in the financial market and that is to buy the rumors and sell the news. So if there was a rumor about any major event and you are planning to buy it after the news has been released then you should not because the market already pushes the price because of the rumors and people will sell off after the release of the news. So you will only be their exit liquidity in that time.

Greed should be controlled by all means especially when trading because if you use 30% and you make a good return, the next time comes lower than that 30% because it might be that when you use 100% you might just lose everything and it will look like a miracle. emotions make you weaker and might even drive you to make some irrelevance decision that might cost your entire assets trading is a mind game and if you do not play well when everything will be at risk. sometimes news and rumors are traps so if you follow things like that then it is trouble it is better to observe every situation well before making any move, do not just make a move out of emotional certainty. and if anyone should know how these things work then you don't have a problem with trading.

Topic: Why people mostly fail in trading - page 8. (Read 1542 times)